World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Mixed Signals

There were lots of mixed pressures on the market today, and this week overall. Outside markets were key among them. Trading volume was modest today, except for meal, oil, and livestock. On the week, livestock and soyoil took losses, while fund long positions held up for soymeal.  While some private forecasts this week foresee a smaller harvested crop than in USDA’s spreadsheet, they are still predicting robust crops. Next week’s WASDE report will reveal whether the agency sees the landscape any differently.  The USDA Export Sales report, delayed by a day due to Monday’s holiday, revealed robust new crop corn, soybean and soymeal sales. Nearly 1 MMT of soymeal have sold in the past two weeks. New commitments f...

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wheat soy-oilseeds feed-grains

CFTC COT Report Analysis

Funds continued covering shorts across the grain and oilseed complex through last Tuesday as futures trended firmer heading into the September WASDE. The most notable short covering was in wheat where funds bought back 30 percent of the CBOT position and 33 percent of their HRW short. The buyin...

feed-grains soy-oilseeds wheat

Market Commentary: It Was Wheat’s Week

Russia’s Vladimir Putin warned that Ukraine using Western long-range missiles to attack inside his country would bring NATO into the war. That and his threats to use nuclear weapons and the attack this week on a grain carrying ship in the Black Sea pressured the gold market and likely whe...

energy

Hurricane Francine Energy Production Disruptions

The WTI Crude oil futures saw its third consecutive day of gains from the impacts of Hurricane Francine in the Gulf of Mexico and the contract remains up on the week.   Francine made landfall on Wednesday on the Louisiana coast and has now been downgraded to a tropical storm. It is tr...

wheat soy-oilseeds feed-grains

CFTC COT Report Analysis

Funds continued covering shorts across the grain and oilseed complex through last Tuesday as futures trended firmer heading into the September WASDE. The most notable short covering was in wheat where funds bought back 30 percent of the CBOT position and 33 percent of their HRW short. The buyin...

feed-grains soy-oilseeds wheat

Market Commentary: It Was Wheat’s Week

Russia’s Vladimir Putin warned that Ukraine using Western long-range missiles to attack inside his country would bring NATO into the war. That and his threats to use nuclear weapons and the attack this week on a grain carrying ship in the Black Sea pressured the gold market and likely whe...

energy

Hurricane Francine Energy Production Disruptions

The WTI Crude oil futures saw its third consecutive day of gains from the impacts of Hurricane Francine in the Gulf of Mexico and the contract remains up on the week.   Francine made landfall on Wednesday on the Louisiana coast and has now been downgraded to a tropical storm. It is tr...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.1325/bushel, up $0.0725 from yesterday's close.  Dec 24 Wheat closed at $5.9475/bushel, up $0.1625 from yesterday's close.  Nov 24 Soybeans closed at $10.0625/bushel, down $0.045 from yesterday's close.  Dec 24 Soymeal closed at $322.9/short ton, down $0...

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